Disney Wins Backing of Top Shareholders BlackRock and T. Rowe Price Ahead of Peltz Proxy Fight

• Disney may have edge over Peltz in proxy fight as BlackRock, its 2nd largest shareholder, backs company’s board nominees

• T. Rowe Price, a top shareholder, also supports Disney CEO Bob Iger and board ahead of annual meeting vote

• Peltz seeks board seats for himself and former Disney exec Jay Rasulo, wants 2 Disney directors out

• Battle lines forming as top shareholders declare support for either Disney or Peltz

• Outcome won’t greatly alter Disney’s investment thesis; Peltz seen as potential distraction if on board